|Contract Unit||5 Megawatts hours (MWh)|
|Price Quotation||The contract quantity shall be 5 Megawatts Hours (MWH). Transaction sizes for trading in any delivery month shall be restricted to whole number multiples of the number of off-peak hours in the month.
Each futures contract shall be valued at the contract quantity multiplied by the settlement price
|Trading Hours||CME Globex:||Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. Chicago Time/CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT)||CME ClearPort:||Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. Chicago Time/CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT)|
|Minimum Price Fluctuation||$0.05 per MWh|
|Product Code||CME Globex: H2LCME ClearPort: H2Clearing: H2|
|Listed Contracts||Current year plus next five years|
|Floating Price||The Floating Price will be determined for each contract month. The Floating Price will be equal to the arithmetic average of the ISO New England Internal Hub Day-Ahead LMP provided by ISO New England for all off-peak hours in the contract month. For settlement of this contract, the prices provided by ISO New England will be considered final on the payment day stated in Rule 801.09 and will not be subject to any further adjustment.|
|Termination Of Trading||Trading terminates on the second to last business day of the month before the contract month. At that time, a position in ISO New England Mass Hub Day-Ahead Off-Peak Calendar-Month 5 MW Futures (H2) converts to a strip of ISO New England Mass Hub Day-Ahead Off-Peak Calendar-Day 5 MW Futures (IDO) in the originally specified contract month. For example, in a 28-day month with 352 off-peak hours and no transition in or out of Daylight Savings Time, a position of 352 ISO New England Mass Hub Day-Ahead Off-Peak Calendar-Month 5 MW Futures (H2) converts at the termination of trading to a position of eight (8) ISO New England Mass Hub Day-Ahead Off-Peak Calendar-Day 5 MW Futures (IDO) per weekday in the originally specified contract month and twenty-four (24) per weekend day (or holiday) in the originally specified contract month.|
|Days Or Hours||Off-Peak shall mean Monday through Friday Hour Ending (HE) 0100-0700 and 2400 Eastern Prevailing Time (EPT) Saturday-Sunday HE 0100-2400 EPT including North American Electric Reliability Corporation Holidays.|
|Settlement Procedures||Delivery under the ISO New England Mass Hub Day-Ahead Off-Peak Calendar-Month 5 MW Futures Contract shall be by cash settlement. Final settlement, following termination of trading for a contract month, will be based on the Floating Price. The final settlement price will be the Floating Price calculated for each contract month.|
|Position Limits||NYMEX Position Limits|
|Exchange Rulebook||NYMEX 801|
|Block Minimum||Block Minimum Thresholds|
|Vendor Codes||Quote Vendor Symbols Listing|
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